Secondary Offering By Aimco
Apartment Investment and Management Company (NYSE:AIV), or Aimco, as the real estate investment trust (REIT) is popularly known, has recently announced a secondary offering of 11 million shares to increase its liquidity and repay debt. The company has also decided to grant the underwriters an option to purchase an additional 1.65 million shares to cover [...]
Apartment Investment and Management Company (NYSE:AIV), or Aimco, as the real estate investment trust (REIT) is popularly known, has recently announced a secondary offering of 11 million shares to increase its liquidity and repay debt. The company has also decided to grant the underwriters an option to purchase an additional 1.65 million shares to cover any over-allotments.
Citigroup Inc. (NYSE:C) is acting as the sole book-running manager for the offering. Aimco intends to utilize about $150 million … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards